Nigeria v Iceland Offer – 188BET

It’s Nigeria v Iceland in Group D on Friday and you don’t want to miss this 188BET offer! If Gylfi Sigurdsson scores anytime in Nigeria v Iceland, 188BET will refund our first losing mobile bet in cash, up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £23.49 and here’s how…

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

Qualifying bets must be placed via mobile between 00:01 on Thursday 21st June 2018 and 16:00 (kick-off) on Friday 22nd June 2018, to be eligible.

Only our first losing bet is refunded in the event that Sigurdsson scores anytime, so we need to select something that we don’t think will come in. We can place our qualifying bet on any market. Having looked at the odds available, we could place our qualifying bet on Nigeria in the ‘1 X 2‘ market.

At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £23.97…

188BET logo

Place £25.00 on Nigeria @ 2.78 = Potential profit of £44.50

Smarkets logo

Lay £23.97 on Nigeria @ 2.92 = Potential liability of £46.02

Let’s have a look at our potential profit/loss for the possible outcomes…

Nigeria win + £44.50 – £46.02 = £1.52 loss
Nigeria don’t win and Sigurdsson scores – £25.00 + £23.49 + £25.00 (cash refund) = £23.49 profit
Nigeria don’t win and Sigurdsson doesn’t score – £25.00 + £23.49 = £1.51 loss

So, if Nigeria don’t win and Sigurdsson scores anytime, we’ll make a nice profit of £23.49. Any other outcome and we’ll have made a maximum loss of £1.52. Risking £1.52 to make a profit of £23.49, gives us effective odds of 16.45. So, given that Sigurdsson is odds of just 3.50 to score anytime, this is a profitable offer in the long run.

If eligible, our cash refund will be credited automatically by 12:00 on Monday 25th June 2018.

* Sigurdsson didn’t score and Nigeria won the match 2-0, resulting in a loss of £1.52 on this 188BET offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.